"I told them there won’t be much money left because we are spending it! We have a lot of commitments. What comes in we spend, and there isn’t much left," said the rock star, who according to the Mail has 100 people on his payroll.

"I certainly don’t want to leave them trust funds that are albatrosses 'round their necks. They have to work. All my kids know that and they rarely ask me for anything, which I really respect and appreciate."

If they were in trouble, he'd come to their aid, he said, noting that that hasn't really happened yet.

"They have this work ethic that makes them want to succeed on their own merit."

Hmmm. Is this one of those things like Bill and Hillary Clinton being "dead broke" after he left the Oval Office, and Chelsea Clinton making her way as a broadcast journalist on a reported $600,000 salary?

Maybe, maybe not: The Sting offspring seem to be hustling away in the film and music industries, though dad's name no doubt opened a few doors.

Sting had two children, Joe and Fuchsia Katherine, with first wife Frances Tomelty, whom he divorced in 1984. The singer, real name Gordon Sumner, has four children -- Brigitte (nicknamed "Mickey"), Jake, Eliot Pauline ("Coco") and Giacomo -- with current wife Trudie Styler, whom he married in 1992. The "kids," who all have the last name Sumner, range in age from 18 to 37.

Sting's net worth has been estimated to be in the $300-million ballpark.

Don't have a trust fund? Me neither. Follow me on Twitter @theCDZ and Google+. Follow the Ministry of Gossip on Twitter @LATcelebs.